Barry Hearn sells Leyton Orient stake to Francesco Becchetti

NEW OWNERS: Barry Hearn sold his stake in the club to Italian businessman Francesco Becchetti [GETTY]

Becchetti is head of renewable energy and waste management firm the Becchetti Energy Group and had previously been linked with takeovers at Reading and Italian outfit Bari.

After weeks of negotiations the 90 per cent shareholding was passed to Becchetti, who had been negotiating with Hearn for a number of weeks, on Monday.

The change in ownership brings to an end the 19-year reign at the League One side for the boxing promoter and chairman of promotions company Matchroom Sports who acquired a controlling stake back in 1995.